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20121116
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Search Results 0 to 49 of about 93 (some duplicates have been removed)
, we have the president winning re-election. we have john boehner returning to the speakership. harry reid returning. to being the senate majority leader. and while the status quo was the big winner last tuesday, the history books will not remember the names john boehner and harry reid as long as they will remember what this re-election meant for president barack obama. >> that's exactly right. it is a ratification. it is an affirmation historically. you could argue that maybe one of the reasons he's crying is he's going to have to deal with john boehner and harry reid going forward. so there could be a very practical trigger there. but certainly, i mean, what mike and john have said is exactly right. it's an important moment. he's the third democrat, fourth democrat, to do this in a century. woodrow wilson, franklin roosevelt, bill clinton and barack obama. not bad company to be in. >> by the way, i heard you say that on wednesday morning. who was the democrat -- the last democrat before that to do it? >> well -- >> that's a test. >> -- that is a test. >> jackson? >> i guess it would
on abc news house speaker boehner ruled out any deal that lets any tax rates go up. >> raising tax rates is unacceptable and frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> vice president biden, meantime, told reporters off camera the voters gave democrats a clear mandate on taxes by re-electing a president who promised the following over and over again. >> another $5 trillion tax cut that favors the wealthy is not change. i'm not going to turn medicare into a voucher just to pay for another millionaire's tax cut. i'm going to lower taxes for middle class folks. let's also make sure the wealthiest households pay a little bit more. >> keeping them honest, americans did vote for that by a slim majority in the popular vote and comfortable majority in the electoral college. they also increased the democratic lead in the senate. however, they preserve republican control of the house so no matter how ugly you think the tone in washington has been over the last four years, no matter how childishly you think a lot of lawmakers have acted on a structural level, w
. >> sounds promising. tonight house speaker boehner ruled out any deal that lets any tax rates go up. >> raising tax rates is unacceptable. >> vice president biden told reporters that democrats gave a clear mandate that promises the same over and over again. >> another tax cut that favors the wealthy is not change. i won't turn medicare into a voucher to pay for another millionai millionaire's tax cut. i want to make sure that the wealthiest households pay a little more. >> keeping them honest, voters did vote in the popular vote. they increased the democratic lead in the senate. however, they preserve republican control of the house. no matter how ugly you think the tone in washington has been over the last four years, no matter how childishly you think a lot of lawmakers have acted, on a structural level who controls what, may be less change than meets the eye which is why what you will hear in coming weeks will sound less like this. >> everything doesn't have to be a fight. everything doesn't have to be a fight. >> more like this. more like each side getting ready for an epic figh
john boehner talking about the fact on the issue that has divided them on the fiscal cliff issue saying clearly that he does not want to raise taxes. he did say that maybe he would be for some kind of raising some kind of revenue. he didn't say what that means but talked about broad tax reform. on the other side of the capital. you saw right there the senate majority leader harry reid feeling like he has leverage here, it was a clear-cut issue, but also because of the mechanics of it. if nobody does anything, taxes will go up. so democrats realize that, they feel like they are probably right. democrats realize that. >> and there is motivation to do something. >> absolutely. >> there was a private conference call that boehner had with his caucus. what do you know about it? >> we were told this was a call where all house republicans were on it. he was sober and he tried to buck everyone up and said that s we are the last line of defense from an american that barack obama would design. he also had a clear message for rank and file. hold your fire. i need to have running room. i need to hav
center, of course there was a but, you heard john boehner in particular, talking about the fact that on the issue that has divided them over the past year or so on this fiscal cliff issue, taxes, saying very clearly he does not want to raise taxes. but he also put out an olive branch, anderson, he said maybe he would be for some kind of -- raising some kind of revenue. he didn't say what that means but talked about broad tax reform as it relates to entitlement reform. on the other side of the capital, you saw right over there, the senate majority leader harry reid feeling like he was leveraging here, it was a clear-cut issue, but also because of the mechanics of it. if nobody does anything, taxes for everybody will go up. so democrats realize that, they feel like any have leverage and they're probably right. >> and there's motivation to try to do something on that. >> exactly. >> there was a private conference call that boehner had with his caucus. what do you know about it? >> we were told this was a call where all house republicans were invited to this. he was very sober and h
crisis visiting our nation so far. and while president obama and house speaker boehner say they're willing to compromise they seem to have drawn the line at the issue of raising taxes. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue and means asking the wealthiest americans to pay more in taxes how we did it when bill clinton was president and the only way we can afford to invest in job training and manufacturing. all the ingredients of a strong middle class and a strong economy. some said despite the risk we should let our nation's economy go off part of the fiscal cliff in january allowing the top two rates to rise and they believe that doing that will generate more revenue for the federal government. here is the problem with that, raising those rates on january 1st would, according to the independent firm, ernst & young, destroy 700,000 american jobs. >> kelly: all right. angela mcglowan is a political analyst and joining us today, ladies, what we can see right now, there has to be some compromise, but washington is once again fin
cliff. what he wants is higher taxes for the top earners. and speaker boehner is already saying on that part of this deal, no-dice. >> racing tax rates is unacceptable. and it couldn't even pass the house. putting increased revenues through reforming the tax code, i would do that if the president were serious about solving our spending problem and trying to secure our entitlement programs. i'm confident he and i can find the common ground necessary. bill: that's the same potion had the weekend before the election. meanwhile there are strong warning the fiscal cliff could have dire consequences. lay out the stakes here. what are they? >> according to the congressional budget office, the bean counters in congress, they say recession. if you cut spending and raise taxes as is planned january 1 you get a recession and a 1.9% -- you get a 9.1% unemployment rate next year. the republicans are saying do not raise tax rates. the democrats are saying, president obama and harry reid are saying tax the rich, raise tax rates. this is all about tax rates. the democrats led by president obama
directly to the american people and sell his case. john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congressional leaders over. >> we will also probably here from his senior adviser, david plouffe. the one thing that is interesting, if you look at the polls on the question of income tax rates, you have 47% that want to increase for those about 250,000. no increase for anyone tax increases, and 13%, increases for all. 47% 1,250,000 or above and 48% don't raise them at all or reason for everyone. so, you know, if you look at the exit polls, there is not really a definitive answer there. the republicans are going to say this is not t
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
steinhouser is following all the developments. >> you were just showing pictures of house speaker john boehner, the top republican in congress, and harry reid, the senate majority leader, he's the top democrat in congress. they came before our cameras yesterday in washington, john. they did talk about the election being a voice from the american voters for a call for compromise. and you heard both men talking about working together to fix the country's problems along with the president. but at the same time, you also heard both men laying down markers and both men disagreeing on whether whether it comes to the fiscal cliff the wealthy should be taxed. take a look at what they said. >> it won't solve the problem of our fiscal imbalance overnight. certainly won't do it in a lame duck session of congress. and it won't be solved simply by raising taxes or taking a plunge off the fiscal cliff. >> the vast majority of the american people rich, poor, everybody agrees that the rich, richest of the rich have to help a little bit. >> another disagreement, john boehner the house speaker talking about doi
to the two of you, i've never been more hopeful about this problem getting resolved. john boehner made conciliatory comments last week and the president made conciliatory-- >> i think ben was saying on the tax issues raising on the rich, debate how much he's going to raise that. he said he wouldn't bend. >> go ahead. >> but that's not the only issue and that's not the only way to solve the problem. so, they will come together and have the solution in the next few weeks. >> boy, i'm glad somebody's optimistic about this, i'm not sure i am. >> i am. >> what i hear people-- >> what do you fear happen? >> there's an unholy alliance of the left saying let's go over the fiscal cliff and libertarians saying let's go over the fiscal cliff. >> neil: and you pick up the pieces under the new year that you want, is that it? >> i think that's pretty much what people think, but the reality is, we'll lose 2 million jobs at a time we can little afford it. the economy will go into recession if it's not already there. and that's a cost we can't afford it pay. >> neil: but you could make a political argu
democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is claiming, you heard him say this -- he has a mandate for raising taxes. i'll quote him. he said on tuesday
in taxes. >> so that was the president, and here's speaker boehner. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's showdown since the disaster. budget negotiators reconvene next week to try, in the words of one aide, to assess where they are. that's what puts republicans where they are in election 2012. it depends on who you ask or how you ask the question, what happened on tuesday night? gop strategist mary matalin, and david fromm, author of "why romney lost and what the gop can do about it." president obama and speaker boehner have said a lot of right things talking about compromise and cooperation, but on taxes, it seems the gap between the two si
the increased revenue comes from and what type of reform comes with it. >> but boehner shot down the idea of tax increases specifically targeting the rich something the president insisted on during his campaign. earlier in the day, the top democrat in the senate implied that any compromise would need to include the president's plan. >> there was a message sent to us by the american people based on the campaign. that is people making all this money have to contribute a little bit more. >> reporter: now exit polls from tuesday showed that voters side with the president on the tax issue. 47% of voters said that taxes should increase for people making more than $250,000 a year. 13% said that they should increase for everyone. administration sources say that there's speculation and they won't confirm it, but there's likely to be a meeting between the president and congressional leaders soon, maybe even next week. norah, charlie? >> bill thank you very much. wall street opens slightly higher this morning after a big sell off wednesday. the dow jones industrials lost 313
working across the aisle. yesterday john boehner said he would work. and harry reid mentioned he likes to dance but can fight. >> the american people have spoke yen they reelected president obama and again a republican majority in the house of representatives and there is a man date in yesterday's results it is a man date for us to work together on the solutions and challenges that we face as a nation. >> the american people us to work together . i know how to fight and i know how to dance. i don't dance as well as i fight but i would rather dance any time. the way to get things done to work at this time. we need republicans to help us. i repeat to have the leader of the republicans in the senate say his number one goal to defeat obama and that's how we legislated. >> steve: that was two days ago. come on and smell the poll results. say we hold a majority in the house of representative and so we have a man date as well >> gretchen: this is what the american people are so tired of. listening to the back and forth and back and forth and nothing gets done. nothing gets done. if you want m
the pipeline. mapped door budget cuts kick in in 54 days. house speaker john boehner says it is time for the president to lead. here he is is talking about that. >> mr. president, this is your moment. we're ready to be lead, not as democrats or republicans but americans. we want you to lead, not as a liberal or conservative but as president of the united states of america. we want you to succeed. bill: stuart varney, anchor of "varney & company", fox business network. the issues on the table are the same issues as monday. we want you to succeed by the way. what did you hear or what are you hearing based on the statements out of the washington now? >> three statements to listen to very carefully. speaker boehner, senate majority leader harry reid, and the big union boss, richard trumka. if you add them all together, tell you exactly what they said in a moment, add them all together the outlines of a deal would look like this. this is on the fiscal cliff. the outlines would possibly look like this. raise taxes, certainly raise tax revenues right now, beginning next year. promise to cut
obama and house speaker john boehner pledging to work together this time around with the threat of the fiscal cliff just months away. is it just talk or are they actually going to find common ground before it is too late? we'll talk about that. >>> plus the deadly disease that can be predicted by visible signs of aging. we'll talk about that with a doctor coming up. >>> armed motor thieves racing through a busy mall. how about that? the jewelry store heist caught on tape. it's all "happening now.". jenna: hi, everybody. great to have you with us today. i'm jenna lee. jon: i'm jon scott. lots to get too today. we want to get started what is going on in the northeast. mother nature package powerful punch hitting an area still recovering from superstorm sandy d a strong nor'easter dumping freezing rain and snow on new york and new jersey. this winery mix coming at the worst possible time with hundreds of thousands of people still waiting for electricity to be restored after sandy. no power means no heat as temperatures plunge. steve centanni is live in new jersey. steve? >> reporte
message. neil: john boehner, the speaker was talking about the fiscal cliff and i want to ask you a question about this. this is whatohn boehner had to say. >> former secretary george shultz put it at the 1986 reform, the time has come again to revamp the tax code. if we do, there will be a response and revenue will come in. neil: you are right about that. secretary. the one thing is if you think about it, the speaker has offered a concession to consider revenues we have not heard anything back from the democratic counterparts. does that trouble you? there are 53 days before this great fiscal cliff. >> it's just not conceivable that the government can avoid this fiscal cliff. so here is what should be done, i think. we should give people who have the power to decide something, that is people who can negotiate and who can carry the results of their agreement. and sit down and start talking to each other and listen to each other. the way to go about it, i think, is to start by saying, what are our long-term objectives. then, you try to put in place the kind of measures that deal wit
could hold his first post-election news conference. i'll have more on how speaker boehner could be offerrering erg the first olive branch during my next update. alison burns, ktvu channel 2 news. >>> 7:19. the greek parliament narrowly paced a deeply unpopular austerity package. the pension cuts pensions and salaries more than they have been cut -- the vote cuts pensions and salaries more than they have been. without a bailout loan, greece said it would run out of euros on november 16th. >>> well, today, some uc berkeley students plan a walkout demanding tuition reductions after voters pass proposition 30. the protest marks the first anniversary of occupy cal. it causes clashes between campus and police. some of the students rallying say the money that's going through the passage of prop 30 should be used to lower tuition. >>> well, administrators say the passage of two measures will definitely help with that school's financial situation. but they are not out of the woods yet. the school's been threatened with loses it's acrede date -- is accreditation partly because of its -- i
comes from and what type of reform comes with it. >> reporter: but boehner shut down the idea of targeting increasing taxes on the rich. the top democrat in senate implied any compromise would need to include the president's plan. >> there was a message sent to us by the american people based on the campaign. that is people making all this money have to contribute a little bit more. >> reporter: exit polls from tuesday show voters side with the president on the tax issue. 47% of voters said that taxes should increase for people make being more than $250,000 a year. 13% said they should increase for everyone. the administration and sources say there's speculation and they won't confirm it but likely to be a meeting between the president and congressional leaders soon maybe even next week. >> bill, thank you very much. the fiscal cliff was one of the issues behind wednesday's selloff. the dow jones industrials lost 313 points. worst day the year, the index fell below 13,000 for the first time in two months. rebecca jarvis is watching the countdown to the fiscal cliff for us. goo
seem to be moving closer to a key sticking point. >> speaker boehner seemed to suggest that he was open to closing loopholes, to real tax reform. can you get there by just closing loopholes, or will it take more than that? >> well, look, i don't want to prejudge the discussions. i think that the speaker's comments have been encouraging and there is obviously money to be gained by closing some of these, closing some of these loopholes and applying them to deficit reduction. there are a lot of ways to skin this cat. gregg: illinois congressman peter roskam joins us. he is on the house ways and means committee. he joins us from chicago. good to see you. house speaker boehner says he will oppose any increase in tax rates. and the white house said on friday, and i will read this directly, the president will veto any bill that includes an extension of the current tax rates for those earning more than $250,000 a year. so congressman, where is the come promize? >> i think the best predictor of future behavior is past behavior. we've heard this language coming from the white house before. we hea
Search Results 0 to 49 of about 93 (some duplicates have been removed)